Yes, it should manage all open trades for the symbol. You can test on a demo account.
How to Use This cBot
The first step is to understand the settings that you will need to adjust, these are explained below, once you have your preferred setup all you need to do is start the cBot and it will manage both existing trades that are open and any new trades that you may open after you start this system.
Which Symbols Does It Manage?
Due to the fact that the MA indicator is calculated for the symbol that you have selected when you create a new cBot instance than it will only adjust the stop loss for that particular symbol, it will not manage all open symbols, if you wish to use this tool on another symbol, you will need to create a new cBot instance and configure again.
Positions With No Stop Loss
If you have any positions with no stop loss, then this tool will automatically create a stop loss that will trail behind the symbol price based on the MA calculations.
Positions With A Stop Losses
If you have any positions open that have an existing stop loss then this will be replaced by this tool and the new stop loss will also trail behind the price based on the Moving Average calculations.
MA Switches Sides While Managing a Stop Loss
If a stop loss is being managed for a position when the Moving Average line switches sides above or below the symbol price then the stop loss will remain on the last MA price and no longer be managed, this is the optimal stop loss before the trend reversal.
